SFS receives approval for all proposals at the 2024 Annual General Meeting

Media release – April 25, 2024

The shareholders approved all proposals of the Board of Directors at the 31st Annual General Meeting of the SFS Group. The General Meeting conducted its first vote on the Sustainability Report, which it approved. Tanja Birner was elected as a new member to the Board of Directors. The proposed dividend of CHF 2.50 per share was also confirmed.

On April 24, 2024, the Annual General Meeting of SFS Group AG was held at Sportzentrum Aegeten in Widnau (Switzerland). In total, 32,245,581 shares with voting rights were represented, which corresponds to 82.89% of the share capital. Of these, 751 shareholders were physically in attendance. The shareholders with voting rights approved all proposals of the Board of Directors.

Thomas Oetterli, Chair of the Board of Directors, greeted those present and conducted the Annual General Meeting. Two business administration apprentices asked Jens Breu (CEO) and Volker Dostmann (CFO) some interesting questions about the past financial year. As in the past few years, more than 100 SFS apprentices made a significant contribution to the success of the Annual General Meeting.

First-time approval of the Sustainability Report
As part of Annual Report 2023, the Sustainability Report must now be voted on by the General Meeting. The shareholders approved this proposal.

New member of the Board of Directors
The Board of Directors proposed that Tanja Birner, Senior Vice President Global Sales & Marketing at Siemens, be elected as a new member. The shareholders approved this proposal as well.

The Meeting confirmed all current members of the Board of Directors and Thomas Oetterli in his function as Chair. Nick Huber was also re-elected as member and Urs Kaufmann was re-elected as Chair of the Nomination and Compensation Committee.

Shareholders with voting rights also approved the re-elections of the independent proxy, bürki bolt Rechtsanwälte in Heerbrugg (Switzerland), and of the external auditor, PricewaterhouseCoopers AG in St. Gallen (Switzerland).

Management Report, consolidated financial statements and annual financial statements approved
The shareholders approved the Management Report, consolidated financial statements and financial statements 2023. The compensation of the members of the Board of Directors and the Group Executive Board was approved and all members were granted discharge from liability.

Dividend of CHF 2.50 per registered share
In view of the robust earnings situation, the Board of Directors proposed a dividend of CHF 2.50 per registered share, as in the previous year. One half will be distributed from retained earnings and the other from capital reserves. The shareholders approved the proposed dividend by a large majority. It will be paid out on April 30, 2024.

The Annual Report 2024 is expected to be published on March 7, 2025, while the 32nd General Meeting will be held on April 30, 2025. Additional dates can be found at sfs.com.